Malaysia Airlines’ woes deepened yesterday when its shares fell more than 18 per cent amid investor fears that the government may not be prepared to bail out the state-owned carrier and could be contemplating a painful restructuring instead.
The sharp fall came amid heavy turnover on Bursa Malaysia, less than a week after the airline, 69 per cent owned by Malaysia’s sovereign wealth fund Khazanah, warned of an “urgent” need to boost revenue to ensure its survival.
Malaysia Airlines has suffered repeated losses over the years and has long relied on government largesse and repeated restructurings to stay afloat.
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